By Parisa Hafezi DUBAI (Reuters) – Emboldened by an oil price surge since Russia invaded Ukraine, Iran’s clerical rulers are in no rush to revive a 2015 nuclear pact with world powers to ease sanctions on its energy-reliant economy, three officials fam…
Israel says Putin apologised for foreign minister’s Hitler remarks
JERUSALEM (Reuters) -Israeli Prime Minister Naftali Bennett said on Thursday that Russian President Vladimir Putin had apologised for his foreign minister’s comments claiming Adolf Hitler had Jewish origins. Putin also told Bennett in a phonecall that …
Portugal’s EDP swings to quarterly loss on Ukraine war impact, drought
LISBON (Reuters) -Portugal’s largest utility EDP-Energias de Portugal swung to a first-quarter loss of 76 million euros ($80 million) from year-ago profit of 180 million, hit by energy market turbulence due to Russia’s invasion of Ukraine and a drought…
Major aircraft lessor Avolon says Boeing has ‘lost its way’
DUBLIN (Reuters) -The head of the world’s second-largest aircraft leasing company said on Thursday Boeing had “lost its way” and might need new leadership to fix a company culture that had become “totally warped”. The comments by Avolon Chief Executive…
UK sanctions Russian steelmaker Evraz, part-owned by billionaire Abramovich
LONDON (Reuters) -The British government said on Thursday it had sanctioned steel manufacturing and mining company Evraz, whose biggest shareholder is sanctioned billionaire Roman Abramovich, in response to Russia’s invasion of Ukraine. “The steel manu…
Polish central bank sees gradual slowdown in growth
WARSAW (Reuters) – Poland’s central bank expects economic conditions to remain good in the coming quarters, it said in a statement on Thursday, but it added that a gradual slowdown of economic growth is forecast. It also said it expects inflation to re…
Trainline jumps after ‘strong growth’ forecast
LONDON (Reuters) – British rail ticketing company Trainline forecast “strong growth” this year, with revenue rising above pre-pandemic levels to 280-310 million pounds, and core earnings of 70-75 million pounds, both ahead of market expectations. Share…
Banco BPM posts better-then-expected Q1 profit on lower loan loss charges
MILAN (Reuters) – Italy’s Banco BPM on Thursday posted a higher-than-expected first-quarter net profit helped by higher revenues and lower loan writedowns. Italy’s third-largest bank said its net profit for the three months to March was up 77.6% from a…
Germany’s PCK Schwedt refinery faces output cuts without Russian oil
LONDON (Reuters) -Germany’s 233,000 barrel-per-day PCK Schwedt refinery is set to reduce output as it stops using Russian oil, which it now receives via the Druzhba pipeline, the chief executive of its minority shareholder Shell said on Thursday. PCK S…
ECB’s Rehn calls for July rate hike
HELSINKI (Reuters) -The European Central Bank should hike its deposit rate in July by 0.25 percentage points, the ECB’s policy maker Olli Rehn told a Finnish daily on Thursday. Rehn added the rate would be zero by autumn. It is currently at minus 0.50%…